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Jan 24, 2013
01/13
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no budget, no pay. >> in the spotlight tonight, debt ceiling magic. that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt ceiling for about three months, it also requires the house and senate to pass budget resolutions by april 15th, and if they don't, representatives and senators will not get paid, which is of course, wildly unconstitutional. the 27th amendment prohibits congress from modifying their own paychecks in any way. they can vote to change the pay for future congress only, but republicans passing an unconstitutional bill, while at the same time relieving the pressure on the debt ceiling was welcomed by some democrats as republicans moving from out-right crazy to half-crazy. >> i'm not sure w
no budget, no pay. >> in the spotlight tonight, debt ceiling magic. that was house speaker john boehner after the house passed a bill making the debt ceiling disappear until may 18th, without cutting any federal spending. the stupidly named and conceived "no budget, no pay act" passed with a vote. 33 republicans voted against the bill, 199 voted for it. 86 democrats voted for the bill, 111 democrats voted against it. not only will the no budget, no pay act suspend the debt...
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Jan 26, 2013
01/13
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he meant it to sound reassuring to conservatives, like that is fine, we don't need the debt ceiling, we have the big spending cuts, democrats will never allow those. i can't see why they're reassured. to see this as a deal, you have to remember where they were when they created the cuts in the first place, back in the 2011 fight. the way we got out of that mess, we kicked the can down the road and formed the super committee. you remember the super committee, the bipartisan group of legislators are charged with finding 1.2 trillion in deficit reduction, that was plan b to the super committee, if they failed, which they did, the sequester would cut the deficit by the same 1.2 trillion, but it would do it right away, and in such a mindless, painful dumb way that neither party could live with it. it was meant, then to force the parties to make the deal. punishment. and that was an obvious design, you build half the sequester out of tax increases, which republicans hate, and then the other out of spending cuts which democrats hate. but republicans refused to vote for anything with taxes i
he meant it to sound reassuring to conservatives, like that is fine, we don't need the debt ceiling, we have the big spending cuts, democrats will never allow those. i can't see why they're reassured. to see this as a deal, you have to remember where they were when they created the cuts in the first place, back in the 2011 fight. the way we got out of that mess, we kicked the can down the road and formed the super committee. you remember the super committee, the bipartisan group of legislators...
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Jan 29, 2013
01/13
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plus, the debt ceiling simply says we're not going to pay our bills. it just is illogical to say that's to pay for that. that's like going out and incurring costs which all of us did, republicans and democrats together, and then saying oh, and by the way, i'm not going to pay my bill unless you do me this enormous favor. but the other point i would make is this. we talks about we need tax reform. the biggest single abuse in the tax code today, and it's a tough contest, is the one that says the richest people in america who run hedge funds can treat their earned income as if it were a capital gain. they call it carried interest. >> yeah. >> it means the rest of us are carrying them. and we voted to reduce that. and paul ryan boxed it. he is against that. and if you remember from that interview, he did not give a single specific about a tax break he wants to end, and he talked about cutting entitlements. >> he is up front saying no more revenue. i mean, that's their position on that. now, they've backed off the debt limit. now they're backing off a gover
plus, the debt ceiling simply says we're not going to pay our bills. it just is illogical to say that's to pay for that. that's like going out and incurring costs which all of us did, republicans and democrats together, and then saying oh, and by the way, i'm not going to pay my bill unless you do me this enormous favor. but the other point i would make is this. we talks about we need tax reform. the biggest single abuse in the tax code today, and it's a tough contest, is the one that says the...
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Jan 24, 2013
01/13
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for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a bipartisan effort. look, if you look at the goal, we've got to get our fiscal house in order, we've got to balance the budget, and in order to do that, the senate actually has to produce a budget, which they haven't done in nearly four years. the house has had budgets for each of the last two years that actually get to balance. so what we did, in this bill, is to say to the senate, look, you've got to do a budget. families do budgets, businesses do budgets, employers do budgets. the senate has not done a budget in nearly four years, so this is the challenge for th
for spending cuts for every dollar in debt ceiling raised. that is not what you got this time. and you have put the focus on senate democrats, a political tactic, perhaps a very successful one. but is that really a tactical retreat? >> i don't think so at all, chuck. and i was curious to hear steny's comments about this being a gimmick. 86 democrats supported the bill that we had on the floor yesterday, the no budget, no pay, so clearly they didn't think it was a gimmick. this was a...
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110
Jan 24, 2013
01/13
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starting with the debt ceiling. 111 democrats voted against raising the debt ceiling. was this all about the no budget no pay provision are the democrats trying to stick it to the g.o.p. >> i think the latter and i think the more constitutionalists among them assuming that they are there that the amendment mattered more to them. but emotionally they probably wanted to make boehner pass this bill with his republicans. you know in a way don't blame them for that. it's a harmless game. there are harmful games and harmless games. that was a relatively harmless one. obama also supported the passage of this, john, i think that if it had been in danger i think enough democrats would have switched over and voted yes. i think they were just trying to make a point. >> john: that makes me feel better. but let me ask you something the number one criticism from my republican friends has been so budget has been passed. why can't you democrats pass a budget how shameful. how should democrats respond to this? >> well, it is true that they haven't passed a budget. you can say that matt
starting with the debt ceiling. 111 democrats voted against raising the debt ceiling. was this all about the no budget no pay provision are the democrats trying to stick it to the g.o.p. >> i think the latter and i think the more constitutionalists among them assuming that they are there that the amendment mattered more to them. but emotionally they probably wanted to make boehner pass this bill with his republicans. you know in a way don't blame them for that. it's a harmless game. there...